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Meeting
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Help us build grassroots support for
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Help us build support for the movement to stop the predatory practices of payday lenders by getting the community groups, labor or professional unions and political organizations in your community to endorse payday lending reform! Washington law allows payday lenders engage in predatory lending practices. As a result people with lower incomes are losing their savings, their cars and even their homes! The typical payday loan in Washington carries a 390% Annual Percentage Rate of interest! Many loans are even higher. This is big business for payday lenders. According to the Washington State Department of Financial Institutions payday lenders made over 3.3 million loans totalling over $1.6 billion last year! Click here for a fact sheet on payday lending in Washington. Here is what you can do to help!
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| © 2007 Statewide Poverty Action Network 1.866.789.7726 | info@povertyaction.org |
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